USA Financial Formulas Has $174,000 Stock Position in The Sherwin-Williams Company $SHW

USA Financial Formulas reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 15.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 507 shares of the specialty chemicals company’s stock after selling 94 shares during the quarter. USA Financial Formulas’ holdings in Sherwin-Williams were worth $174,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Moors & Cabot Inc. boosted its holdings in shares of Sherwin-Williams by 0.4% during the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock worth $3,148,000 after purchasing an additional 39 shares during the period. Ransom Advisory Ltd acquired a new stake in Sherwin-Williams in the first quarter valued at approximately $515,000. Kingswood Wealth Advisors LLC lifted its stake in Sherwin-Williams by 25.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock valued at $352,000 after acquiring an additional 201 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Sherwin-Williams in the first quarter valued at approximately $306,000. Finally, Moody Lynn & Lieberson LLC lifted its stake in Sherwin-Williams by 138.0% in the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock valued at $7,005,000 after acquiring an additional 11,828 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the sale, the insider owned 17,922 shares in the company, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Trading Up 0.8%

Shares of SHW stock opened at $343.80 on Friday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The firm’s fifty day simple moving average is $354.96 and its 200 day simple moving average is $348.41. The firm has a market capitalization of $85.72 billion, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 2.84 and a beta of 1.20. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period last year, the firm posted $3.70 EPS. The company’s revenue was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $0.79 per share. The ex-dividend date was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s payout ratio is currently 31.35%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Evercore ISI lifted their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. JPMorgan Chase & Co. reduced their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. UBS Group dropped their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Citigroup dropped their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. Finally, BMO Capital Markets dropped their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $387.27.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.